Summer and Fall 2026 Securities Bulletin

Securities and Business Investments Division
Securities Bulletin

Vol. XXXX No. 2 - Summer & Fall 2026

 
Features

• Quarterly Statistical Summaries

Enforcement and Other Highlights

• Stipulations and Agreements
• Consent Orders

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Stipulations and Agreements

Worcester County Fiduciary Advisors, Inc. d/b/a Worcester Advisors (IARD No. 106653)

On June 29, 2026, the Banking Commissioner entered into a Stipulation and Agreement (No. ST 26 20266-S) with Worcester County Fiduciary Advisors, Inc. d/b/a Worcester Advisors (“Worcester Advisors”), a Massachusetts registered investment adviser having its principal place of business at 446 Main Street, Worcester, Massachusetts, 01608.

The Stipulation and Agreement alleged that the Worcester Advisors violated Section 36b-6(c)(1) of the Connecticut Uniform Securities Act (“Act”) by conducting unregistered investment adviser activity in Connecticut without being registered as an investment adviser under the Act. Worcester Advisors has since cured the registration deficiency.

In resolution of the matter, Worcester Advisors agreed to refrain from conduct that violates the Act and to pay $3,430 to the Department of Banking. Of that amount, $2,500 constituted an administrative fine and $930 represented payment of past due investment adviser registration fees.

Kane Financial Planning, LLC (IARD No. 283245)

On July 28, 2026, the Banking Commissioner entered into a Stipulation and Agreement (No. ST 26 20268-S) with Kane Financial Planning, LLC (“Kane”), a Connecticut registered investment adviser having its principal place of business at 222 North Hollow Road, East Hartland, Connecticut 06027.
 
The Stipulation and Agreement alleged that Kane violated Section 36b-6(d) of the Connecticut Uniform Securities Act (“Act”) by transacting investment advisory business out of an office in Avon, Connecticut, without such office being registered as a branch office, in addition to Kane including the Avon address on marketing materials and its website.
 
In resolution of the matter, Kane agreed to refrain from conduct that violates the Act and to pay $2,625 to the Department of Banking. Of that amount, $2,500 constituted an administrative fine and $625 represented payment for the past due branch office registration fee.

BlueStream Ultra Income Fund, LP

On September 11, 2026, the Banking Commissioner entered into a Stipulation and Agreement (No. ST 26 202613-S) with BlueStream Ultra Income Fund, LP (“BlueStream”), a Delaware limited partnership formed on January 23, 2024, with its principal place of business at 8 Genesee Lane, Madison, Connecticut.

The Stipulation and Agreement alleged that, although BlueStream filed a Form D with the Securities and Exchange Commission pursuant to Rule 506(b) of Regulation D in connection with its securities offering, it failed to make the required Rule 506 notice filing with the Commissioner, in violation of Sections 36b-16 and 36b-21(e) of the Connecticut Uniform Securities Act (“the Act”).

In resolution of the matter, BlueStream agreed to refrain from conduct that violates the Act and to pay an administrative fine of $500.00 to the Department of Banking.

Consent Orders

Andrew V. Camarda (CRD No. 6070173)

On June 16, 2026, the Banking Commissioner entered into a Consent Order (No. CO-M2026-1-S) with Andrew V. Camarda (“Camarda”). Camarda was registered as an investment adviser agent in New York from December 8, 2022 to March 27, 2025. Camarda has never been registered in Connecticut in any capacity under the Connecticut Uniform Securities Act (“Act”).
 
The Consent Order alleged that Camarda transacted business as an unregistered investment adviser agent in Connecticut in violation of Section 36b-6(c)(2) of the Act.
 
The Consent Order directed Camarda to cease and desist from regulatory violations and pay $2,500 as an administrative fine.

Jayme Frances Lemaire (CRD No. 4336052)

On August 7, 2026, the Banking Commissioner (“Commissioner”) entered into a Consent Order (No. CO-26-20269-S) with Jayme Frances Lemaire (“Lemaire”), who was registered as a broker-dealer agent and investment adviser agent in Connecticut at various times from July 11, 2001, to July 15, 2025.
 
The Consent Order alleged that Lemaire engaged in dishonest and unethical business practices within the meaning of Section 36b-31-15b(c) of the Regulations of Connecticut State Agencies (“Regulations”) and FINRA Rule 3240 by borrowing money from a brokerage client. The Consent Order also alleged that Lemaire engaged in dishonest and unethical business practices within the meaning of Section 36b-31-15b(c) of the Regulations and FINRA Rule 3220 by accepting cash gifts from two clients in excess of the FINRA permissible limit of $300.00. Lastly, the Consent Order alleged that Lemaire violated Section 36b-23 of the Connecticut Uniform Securities Act because of her inaccurate answer to a disclosure question on a Form U4 filed with the Commissioner.
 
The Consent Order directed Lemaire to cease and desist from regulatory violations, revoked her current investment adviser agent and broker-dealer agent registrations, denied Lemaire’s pending investment adviser agent and broker-dealer agent registration applications with three separate firms and barred Lemaire from transacting business in Connecticut as a broker-dealer, investment adviser or any other entity requiring a license or registration from the Commissioner. Lemaire also paid an administrative fine of $30,000 to the Department of Banking as part of the Consent Order.

MoneyLion Securities LLC (CRD No. 298395)

On September 3, 2026, the Banking Commissioner entered into a Consent Order (No. CO 26 202611-S) with MoneyLion Securities LLC (“MoneyLion Securities”), a Connecticut registered broker-dealer having its main address at 249-245 W 17th Street, Floor 4, New York, New York 10011.
 
The Consent Order alleged that MoneyLion Securities violated Section 36b-31-6a(a) of the Regulations of Connecticut State Agencies by failing to register a broker-dealer agent in Connecticut since December 1, 2025.
 
In resolution of the matter, MoneyLion Securities agreed to refrain from conduct that violates the Connecticut Uniform Securities Act and to pay $2,500 to the Department of Banking as an administrative fine.

Statistical Summary